Presidential candidate of the Labour Party in the 2023 election, Peter Obi, expressed his view on fuel subsidy during an interview on Arise TV’s ‘The Morning Show’ on Monday.
Obi described fuel subsidy as an “organised crime” while discussing the approach he would have taken differently to resolve the impending strike by the Nigeria Labour Congress and Trade Union Congress.
“Fuel subsidy is organised crime. I said it repeatedly that it should be removed. For me, the approach would have been, is to remove the corruption and criminal side of it and remove the excess demand.
“By doing this, you would have reduced it by 50 per cent. The remaining 50 per cent is what we would have been able to, after consultation with various stakeholders in order to find a way in an organised manner, remove and show the proceed of the gains of the removal to be invested in critical development areas.”